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by CrimsonCape 36 days ago
> OT: I think the cause of the wealth gap is much simpler. It is the stock market. I imagine a society where there is no stock market, but instead everyone invest in their local economies. We would probably be growing much slower, but who cares?

In our real-world Matrix, in which we are all part of Keynesian economics, you just took the red pill and discovered the existence of Austrian economics (and the stranglehold that Keynesians have over the world and anybody who proports to be an Austrian)

You are discovering that at some past point the USA was distorted to become the host for the biggest Keynesian economic experiment ever. I'm not even sure how it was even foisted upon people with such little regard. Is there any surprise that in a Keynesian system nobody ever feels fulfilled or happy? The whole point of the system is that constant growth and inflation are necessary parts of economics. You literally have to keep your wealth flowing in market ventures. Who's going to have time to stop and use wealth to improve cities and communities (unless it's part of business venture)?

There's one word I use and hope everyone learns: 'siesta'. A culture that has siesta cannot co-exist with a culture that does not. These are just different words for 'a Keynesian economic system cannot co-exist with an Austrian system.'